[jasonisalive]

The UK is one of the wealthiest, stablest, most developed countries in the world. Pointing out that its banking system is relatively effective as if that reduces the value of Bitcoin is like saying toilets and public sanitation is great in the UK so why are these entrepreneurs bothering building cheap toilets and menstruation technologies for India and Africa again? In other words, unbelievably naive and borderline arrogant.

[sanswork]

What happens when bitcoin is the adopted world currency and the power goes out in your area for a few days?

[jasonisalive]

Entrepreneurs smell an opportunity[1] to roll out one of the many, many new energy technologies that have developed in the meantime in your area (which somehow was overlooked until this point.)

[1] An opportunity made possible by the ability (created by Bitcoin) to profitably and efficiently collect micropayments in poor regions of the world

[sanswork]

So your solution to the problem of bitcoin being unusable without power(and internet access) in a region is that in the future bitcoin will enable people to develop new technologies that don't currently exist? And they will be able to invent these new technologies because the only thing holding them back is in the inability to collect micropayments(which they can currently actually do using cash)?

[jasonisalive]

No, Bitcoin will help make it profitable to roll out new technologies. Roll out != invent. It will also stimulate the development of said technologies. Because it lowers the cost of taking payment.

As far as cash, try collecting cash payments for your grid of micro-generators recharging cellphones in the Amazon, see how well that works out for you. Let me guess, you're gunna fly some drones in to pick up the payments...

[sanswork]

What are these new technologies that are just waiting for roll out?

>As far as cash, try collecting cash payments for your grid of micro-generators recharging cellphones in the Amazon, see how well that works out for you. Let me guess, you're gunna fly some drones in to pick up the payments...

Try removing your micro generator from the community after you've installed it when they stop paying your rent. See how that works out for you.

I'd collect the payments when I delivered the fuel btw.

[TeMPOraL]

Ah, the libertarian dream.

Maybe the "entrepreneurs" will in fact "smell the opportunity" and move in and save the day, but for what? What's the gain? Why design critical infrastructure so that its survival is based on a hypothetical market scenario, when it can be done right in the first place?